Observation from Chart:-
MHB rebound from RM0.90 to RM1.24 level.
Will it retrace down retest support level & go 2nd wave?
Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K @ overbought stage, pending SELL call.
Immediate support @ RM1.15 level which is MA100 level.
Subsequent support @ RM1.06 level which is MA50 level.
Immediate resistance @ RM1.18 level
Subsequent resistance @ RM1.28 which is MA200 level.
Due to overbought, high possibility will retrace down (or side way consolidate) before 2nd wave uptrend.
Let watch closely.
These given calls are very helpful to the traders. Research by experienced analysts are needed to generate these calls.
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